Some 74 per cent of people in the UK with debt worries think it is damaging their mental health.
Research by Citizens Advice has highlighted the sc…
Continue reading the "Debt worries affecting health of 3 in 4 UK adults" »
There has been a steady increase in the number of people turning to Individual Voluntary Arrangements (I…
Continue reading the "IVA use has ‘increased significantly’ since 2005" »
New consumer minister Jo Swinson has said she is disappointed to hear that The Co-operative Bank is withdrawing its basic bank accounts for undischarg…
When statistics are used to quantify the financial problems people face, they are often listed not just as nationwide figures, but on a geographical b…
Personal insolvencies may have fallen in the UK, but that does not give a full picture of the debt management problems consumers face.
This is the …
Continue reading the "Insolvency data ‘not the full picture’" »
Consumers who suffer insolvency are still more likely to opt for an individual voluntary arrangement (IVA) than bankruptcy, new data has shown.
…
Consumers struggling with debt should contact their banks as soon as possible, a mortgage expert has said.
Dominik Lipnicki, director of …
Continue reading the "Speak to bank first, those in debt advised" »
The people most likely to need a debt management plan or an individual voluntary arrangement (IVA) may be those who have tried to ignore their worseni…
Continue reading the "Worst debt ’caused by ignoring problem’" »
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